Day Trading & Forex Forum

Best Software in UK
9/10
I have just finished the trial after sharescope. Now I feel this is the fasted and best software in UK.
Data download speed is super, Chats management and volume details are excellent.
As compared with the sharescope which is worse software I have ever seen, so compilcated to manage and user.

Regards
techTD

Point & Figure - it is excellent.
8/10
I've been using the software for around two years after reading a book on P&F by Weber and Zieg in which they recommended the package. I am a position trader and so use the EOD version. It has many features I don't use but what I do like is the P&F charts - the book by by Du Plessis who is the Updata specialist on P&F proved a major turning point in my use of the package. I can honestly say that using a simple highlighter scan to pick FTSE 100 stocks has proved profitable. That is why I continue to use it. It means I can predefine risk, determine stops and have profit targets.

What I am not so keen about is that the company after providing upgrades to the Point & Figure package seemed to do so as a means to promote both Jeremy's book and the courses. This last year the flavour of the month seems to be customised indicators so nothing much for me - I don't use them - so you do feel that they upgrade rather selectively according to what they are wanting to sell. Have no particular issues with the support. In terms of value for money I think they are a bit behind some US products - I use Ensign for its pattern recognition software and the guys there have produced masses of information in videos and newsletters which are indicative of their total enthusiasm for their product. However, nothing beats Updata re. P&F

1 of 2 members found the following review helpful:

Potentially a great product BUT….
6/10
I have used their real time (rt) TA Trader for about two years and their Market Hawk (alerting tool) since it was launched. The full product set costs about £80+/month though less if you pay upfront for a full year. It depends on what features you decide to take so best check their website for prices. Their most recent price increase was back in Q3/Q4 '05. I have not used the EoD product. Before choosing TA I spend a couple of months checking out other products like Metastock / Omni trader.

Your PC
In my view you need a really good spec pc to run their base product TA (let alone TA Trader plus Market Hawk) otherwise you will be disappointed. In my own view if you don't have at least 1GB of memory plus at least a 2GHz processor forget it - you won't get the most out of the product or your free trial.

Support
Even if you have a good PC spec. the product in my view contains too many bugs. To be fair to Updata they have improved the stability of the product over the past two years though problems remain. You may or may not hit them in your trial of the product - it depends on what features you use. I have logged a number of bugs / queries which have now been outstanding for a long time (months+++). For me the issue is that I am not sure when/if they will be fixed.

I actually find their front line telephone support pretty good at sorting general queries (non s/w bugs) over the phone. How they organise and prioritise bug fixes is unclear but it appears to be based on how many people squeal when they find a bug. Very little feedback on problems submitted / fixed.

Product
In terms of features, I think it’s really good in terms of indicators, studies, overall functionality, flexibility and ease of use. Their P&F charts and tools are "probably" the best around.

Marketing Emails
Be prepared to be bombarded on an ongoing basis with emails promoting/selling their products (e.g. training courses) - I find this really annoying.

Summary
Potentially a great product but I'm starting to lack confidence in the above RT products because of the issues I have had and their general approach / commitment to sorting them.

0 of 4 members found the following review helpful:

Customer Disservice
1/10
I would have rated this zero if I could, purely on abysmal customer service.

1 of 1 members found the following review helpful:

Updata Technical Analyst
10/10
Well, where to begin with this one?

I've been using Updata TA on and off from the start. It has the best P&F I have seen in a software package, which is important to me, and the speed of use with the keypresses [simply PGUP/PGDN to scroll through chartlists, press a key to display an average on the screen].

When I first used it though, it was "buggy", there seemed to be resource issues despite the fact my machine was top spec (at the time, it's a bit in need of an upgrade now :( ), and it just felt generally clunky. I eventually and somewhat reluctantly gave up on it and switched to another product (SS).

Received a "Come back to Updata" mail at the start of the year, and thought I'd give it another try as I was really missing the P&F, and it didn't cost anything to install. I'm glad I did as the whole product seems to have improved by leaps and bounds. I now find it a joy to use, and all my previous issues have been cleared up. I would recommend it to anyone at this time.

Now all I need is for them to let me know the way the Market Tracker is calculated :D